ATO updates disaster relief fund list
Sarah Kendell
The ATO has released an updated list of Australian disasters that meet the criteria for endorsement as tax-deductible funds.
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NALE guidance leaves unit trusts in limbo
The ATO’s draft guidance around the application of non-arm’s length expense laws has left SMSF trustees who own real estate via a unit t
SuperConcepts announces free assistance for bushfire victims
SMSF service provider SuperConcepts has announced it will provide free assistance to trustees who have been affected by Australia’s bushfi
Sarah Kendell
The impact of Part A qualifications
Before it became an ATO reporting requirement in the 2019 annual return, Part A qualifications were primarily ignored within the SMSF indust
NowInfinity, View Legal terminate partnership
SMSF document provider NowInfinity and Queensland-based law firm View Legal have terminated their strategic partnership after almost three y
Accountants underestimating depreciation for SMSF properties
Accountants often underestimate the level of depreciation available to their SMSF clients who own residential property following changes to
SMSFA reveals more conference details
The SMSF Association has revealed more details around its upcoming annual conference, with registration for individual sessions due to open
BGL attains data security certification for Simple Fund 360
SMSF software provider BGL has announced that its Simple Fund 360 platform for SMSFs has attained ISO 27001 certification, a key internation
SMSF Alliance joins financial services bushfire relief efforts
SMSF administrator SMSF Alliance has added its voice to the increasing number of financial services businesses that are supporting bushfire
Travelling trustees can retain complying fund status
SMSF trustees looking to travel overseas for extended periods of time will be able to retain complying status in their fund for administrati
Heffron urges ATO to democratise SG contribution treatment
SMSF administrator Heffron SMSF Solutions has urged the ATO to democratise its treatment of employer superannuation contributions for tax de
Federal Circuit Court dismisses rig worker’s case for additional super
The Federal Circuit Court has dismissed the application of an oil rig worker seeking to prove that his employers were obligated to pay him a
Is bank mistrust breeding financial criminals?
Mistrust in traditional financial services could make Australians vulnerable to major scams.
SMSFA calls to reinstate higher contribution cap for over 50s
The SMSF Association has called for the reinstatement of the $35,000 concessional contributions cap for over 50s, arguing that the current $
4 financial changes to prepare for in 2020
From neobanks to rate changes and insurance hikes – a number of changes are set to take place in the coming year that could have both posi
FASEA reveals update on adviser exam for 2020
The Financial Standards and Ethics Authority has announced further details on the sittings of its adviser exam for 2020, as well as the laun
Sarah Kendell
What type of dishonesty disqualifies a person from having an SMSF?
This article examines the nature of disqualification and what convictions can preclude a person from forever being an SMSF trustee/director.
Victoria’s stolen super adds up to $1.4bn a year
A superannuation group has flagged how more than 800,000 Victorians — or one in three workers — have not received their legal super en
Advisers must prepare for TBC indexation
SMSF advisers should be prepared for the possibility of the transfer balance cap being indexed at the beginning of the 2021 financial year,
Government consults on ASIC-APRA cooperation
The government has released draft legislation for consultation that obliges co-operation between ASIC and APRA following a royal commission
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